Friday, December 25, 1998
Smaller exchanges rush to demat for fear of bad paper
Smaller stock exchanges are running for cover for fear of bad paper being dumped on them in the event of the larger exchanges going into a mandatory demat trading mode with respect to select securities from January 4 onwards.
GIC demat plan targets Rs 500cr mopup
The GIC mutual fund is targeting a mop up of Rs 500 crore through its demat scheme and does not rule out the possibility of raising a record breaking Rs 5,000 crore!
TDS net awaits ICICI demat ivestors
Investors opting for ICICI's demat option, may be in for a shock. By clubbing an individuals' holdings (both bonds and shares) in the ICICI group under one customer identification number, there is no way the investor can escape the tax deduction at source.
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